IRCE SpA (MIL:IRC) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is IRCE SpA Debt-to-Equity?

IRCE SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €26.5 Mil. IRCE SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €13.7 Mil. IRCE SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €153.6 Mil. IRCE SpA's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for IRCE SpA's Debt-to-Equity or its related term are showing as below:

MIL:IRC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.42 Max: 0.57
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of IRCE SpA was 0.57. The lowest was 0.26. And the median was 0.42.

MIL:IRC's Debt-to-Equity is ranked better than
53.24% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs MIL:IRC: 0.26

IRCE SpA Debt-to-Equity Historical Data

The historical data trend for IRCE SpA's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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IRCE SpA Debt-to-Equity Chart

IRCE SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.39

0.42

0.57

0.46

0.26

IRCE SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.46	0.46	0.50	0.36	0.26

Competitive Comparison of IRCE SpA's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, IRCE SpA's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

IRCE SpA's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, IRCE SpA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where IRCE SpA's Debt-to-Equity falls into.

IRCE SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IRCE SpA's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(26.524	+	13.664)	/	153.649
	=	0.26

IRCE SpA's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(26.524	+	13.664)	/	153.649
	=	0.26

IRCE SpA (MIL:IRC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

IRCE SpA Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of IRCE SpA's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

IRCE SpA (MIL:IRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IRCE SpA (MIL:IRC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IRQ:Germany

Address

Via Lasie 12/A, Imola, ITA, 40026

Website

https://www.irce.it

IRCE SpA is an Italy-based company engaged in the manufacturing of its core activities through its segments namely the Winding wires segment and Cables segment. The Winding wire segment consists of the manufacturing of electric motors and generators, transformers, relays, and solenoid valves whereas the Cable segment includes energy and data cables that are supplied to industries like construction, civil and industrial engineering, and electoral devices for consumable durable goods. It generates the majority of its revenue from the winding wires segment. The company products include Enamelled copper and aluminum round wire, Copper and aluminum rectangular wire, Medium Voltage Cables, and others. The company's geographical segments are Italy, the European Union, and Non-European Union.